Bureau Launches New Effort to Promote Competition and Innovation

May 26, 2022 Kyle G. Horst

The Consumer Finance Protection Bureau (CFPB) announced the creation of a new office, thus forth called “the Office of Competition and Innovation,” to “spur innovation in financial services by promoting competition and stumbling blocks for new market entrants.”  The creation of the new office coincides with the closure of the Office of Innovation, which focused ...

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